RaboPlus Australia Adds 9 BT Funds to Its Online Managed Funds Platform
RaboPlus customers can access a the addition of 9 new wholesale funds from BT Investment Management.
Sydney, NSW (PRWEB) November 11, 2008 -- RaboPlus, a division of AAA rated Rabobank Australia Limited ('Australia Safest Bank'), today announced the addition of 9 new wholesale funds from BT Investment Management (BTIM) to add to the 66 funds already available to investors.
RaboPlus customers can access a selection of mainly wholesale Managed Funds online with a minimum investment of only $250.
RaboPlus offers customers the ability to buy and sell funds online 24/7 and also benefit from consolidated administration, reporting and taxation, the type of administrative technology usually only available to financial advisers.
Customers can also trade their funds in parcels to allow them to better manage possible taxation implications across their portfolio.
RaboPlus Senior Manager of Investments and Managed Funds Tim Hewson said: "The addition of BT gives RaboPlus investors a broader choice of core Australian and Global Shares and Fixed Interest funds as well as specialist strategies like the Ethical, Asian and Imputation Funds."
Hewson also said, "The addition of the Wholesale Imputation Fund is important as our customers are increasingly seeking strategies which seek to exploit inefficient market pricing and also deliver income."
The funds to be added are:
BT Wholesale Asian Share Fund
BT Wholesale Core Australian Share Fund
BT Wholesale Core Global Share Fund
BT Wholesale Ethical Share Fund
BT Wholesale Fixed Interest Fund
BT Wholesale Focus Australian Share Fund
BT Wholesale Global Fixed Interest Fund
BT Wholesale Imputation Fund
BT Wholesale Property Securities Fund
Mr. Hewson said BT was voted 'Fund Manager of the Year' and 'Australian Equity Fund Manager of the Year' in the Standard & Poor's Fund Awards 2008 and 'Property Securities (Australia) Fund Manager' of the Year by Money Management / Lonsec Awards 2008.
BTIM Institutional Business Manager Eben Bowditch, stated that "BTIM is enthusiastic about their new partnership with RaboPlus which will offer retail investors a unique access point to BTIM's wholesale investment management expertise."
Bowditch also said, "The relationship with RaboPlus is an important one and allows BTIM to diversify their broader distribution strategy as investors generally seek strong and reputable investments managers with stable ownership during volatile markets periods."
BTIM is an ASX listed entity with majority ownership being held by Westpac Banking Corporation (WBC). BTFG's core business is providing investment, superannuation and retirement income products and wrap platform services. BTFG is the wealth management arm of Westpac.
RaboPlus is the online savings and investment service which was launched by Rabobank Australia Limited in 2007 and offers a range of saving account and term deposit options.
RaboPlus and related deposit products are issued by Rabobank Australia Limited ABN 50 001 621 129, AFSL 234700. Read the IDPS Guide at raboplus.com.au when deciding if they are appropriate for you to acquire or keep. RaboPlus deposits are guaranteed by Rabobank Australia Limited's ultimate parent, ranked safest non-government bank by Global Finance magazine, 2008. Rabobank Australia Limited has a AAA rating from Standard & Poor's. Ratings are subject to change. For the latest ratings information please visit standardandpoors.com. Ratings are solely statements of opinion, not statements of fact or recommendations to make any investment decisions.
Contact: Tony Rasman Fleishman-Hillard 0418 208770.
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